Compensation Specialist for Industry Benchmarking
2 weeks ago
About ABC Worldwide (AKA BRIP Careers Worldwide)
We are a leading provider of Business Process Outsourcing (BPO) services with a commitment to creating a dynamic and inclusive workplace.
Job Title: Compensation Specialist
Location: India
Job Description:
We seek a skilled Compensation Specialist to join our HR team, responsible for designing, implementing, and managing competitive compensation and benefits programs that attract, retain, and motivate our talented workforce.
Key Responsibilities:
- Conduct market analysis to benchmark compensation levels against industry standards and evaluate job roles and grade structures within the organization.
- Develop and maintain salary structures to ensure internal equity and external competitiveness.
- Design and manage benefits programs, including health insurance, retirement plans, leaves of absence, and other employee perks.
- Collaborate with external vendors to ensure effective benefits delivery and compliance with legal requirements.
- Recommend improvements and adjustments to existing programs based on feedback and industry trends.
- Prepare and present reports on compensation and benefits trends, budget expenditures, and impact assessments.
Qualifications:
- Bachelor's degree in Human Resources, Business Administration, or a related field; Master's degree or relevant certification (such as CCP or CBP) preferred.
- Minimum of 3-5 years of experience in compensation and benefits, preferably within the BPO or services industry.
- Strong analytical skills with the ability to interpret data and make informed recommendations.
- Knowledge of labor laws and regulations governing compensation and benefits.
- Excellent communication and interpersonal skills, with the ability to work collaboratively across departments.
- Proficiency in HRIS and compensation management software.
Estimated Salary: ₹2,400,000 - ₹3,600,000 per annum, depending on qualifications and experience.
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